Publication: Monitor Volume: 2 Issue: 109

The management of Russia’s Central Bank gave Yeltsin’s campaign a boost over the weekend by agreeing to hand over 5 trillion rubles (nearly $1 billion) from the bank’s 1994 profits to the federal budget. Yeltsin wants the money to cover election promises to pay vacation money to teachers and wage arrears to defense sector workers. When he demanded the money last week, the Bank protested, saying the order was illegal and inflationary. Critics see it as a direct attack on the Bank’s independence. (Interfax, June 8)

Luzhkov Vows to Continue Campaign.